Category Archives: Money Trough

FB IPO day–ZYNGA tanks because FB didn’t fly

Oh well, I had another day at the market.  I sold my two shares of GOOG because this market is just brutal.  Then I thought I would put in a limit order for FB at 48.00.  Hell, it never even hit that price point.  Then I put in a market buy which everyone said not to do. But in this case that was the thing to do.  I also put in a cancel for both my limit orders because I found that I could get it cheaper by going market.

They overpriced the IPO.  Damn, they should have listened to the street on this one.   The little guys like me said it was overpriced.  I thought it should  be in the upper teens as low limit and maybe 30 at the upper limit.  Something like 19-30 in that range.  Then we would have had a nice pop.  Instead we got a fizzle.  FB is hanging onto green by a thread.

I paid 40 because I set it at market.  I put in the market order when it was listed at 38.00 but because the Nasdaq was sluggish by the time they were traded they had moved up to 40 and immediately dropped back to 38.  I was not worried about having a market order for 10 shares when I saw that the market was well, not moving.

Whew, glad that’s over.

Apple earnings blowout! (April 24, 2012 2nd quarter report)

Image representing Apple as depicted in CrunchBase

Image via CrunchBase

Heloise had to sell a couple of shares of Apple because she wanted a taste of SPLUNK which I managed to get at 32.00/share but wanted a few more.  Apple has taken a nose dive as well as Google.  But I am bullish on both. Here’s the report below and the link:

http://www.engadget.com/2012/04/24/apple-q2-2012-earnings-report-ipad-iphone-sales/ with press release

Apple Reports Second Quarter Results

Record March Quarter Sales of iPhones, iPadsand Macs

Net Profit Increases 94% Year-over-Year

CUPERTINO, California—April 24, 2012—Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.

“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

Hughes–openly gay Facebook co-founder to buy The New Republic

 

Image representing Chris Hughes as depicted in...

Image via CrunchBase

http://www.huffingtonpost.com/2012/03/09/chris-hughes-new-republic-sale_n_1333900.html

Facebook co-founder Chris Hughes is purchasing the New Republic, the nearly century-old political magazine known for its influence in progressive circles, according to The New York Times.

Hughes’ acquisition comes as no big surprise. HuffPost‘s Michael Calderone first reported about his interest in The New Republic in January. The magazine’s ownership, which includes editor-in-chief emeritus Marty Peretz, had earlier brought in the Blackstone Group to assist in finding a buyer.

Amazon sets up shop in India

Image representing Amazon as depicted in Crunc...

Image via CrunchBase

http://www.internetretailer.com/2012/02/02/amazon-sets-online-shop-india

Amazon.com Inc. TOP Internet retailer said today it has launched an online shopping service for consumers in India. Junglee.com enables consumers to shop for products from online and offline retailers in that country, and products from Amazon.com.

Amazon is No. 1 in the Internet Retailer Top 500 Guide. It says the Indian site offers more than 10 million products from 14,000 brands. Consumers can follow links on the site to buy products directly from such retailers as Homeshop18, UniverCell, Hidesign and Gitanjali; find locations to a retailer’s physical store; or purchase from Amazon.com, according to information on Junglee.com.  Consumers cannot buy directly from Junglee.com.

The Romney Runaway Race

Mitt and Ann Romney on December 22, 2007, at a...

Image via Wikipedia

Mitt Romney won the New Hampshire primary with more than ten points. Congrats to you. I’ve made more than one prediction about Mitt.  In one I said why Mitt will run three times.  Partly because I predicted he would win the nomination at least 3 months ago.  Then I didn’t want him to win. 

I have endorsed Obama for a second term.  Romney and his family is just too much like a dynasty in the making.  And yes I do have reservations about the Mormon invasion.  I really do.  And not against the religion so much but what precedent this sets for our country.  I think Perry and Newt are finished and so is Hunstman and Bachman badly beaten by the guy pack leaving Santorum and Paul.  It will be down to these three soon enough.  Perry was his own worse enemy.  I think he should have never gotten into the race.  He was listening to the media and he believed the hype about his chances against Mitt in the anybody but Mitt heyday.  Well that day has come and gone and Mitt is gaining momentum. 

Can the also-rans knock Mitt off his perch I doubt it.  The rich will run this country once again. 

KORS and ZYNGA out the IPO gate this week

Michael Kors Store Opening

Image by Urban Mixer via Flickr

Michael Kors and Zynga are going public.  The IPOs for either are settling at a price. For Kors it is expected to be about 20 per share and Zynga about 12 which has gone up from the initial pricing at 8-10 per share.

Unless you are doing the trailing stop thing you can’t put any positions on Kors just yet because the price has not been set at this writing.

Walt Disney Stock (DIS) Leads The Dow Higher today

http://www.thestreet.com/story/11330677/1/dow-today-the-walt-disney-dis-leads-the-day-higher-johnson-johnson-jnj-lags.html

 

The Dow Jones Industrial Average (^DJI) closed down one point at 12,019. During the day, 860.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 911.3 million. The NYSE advances/declines ratio closed at 1,829 issues advancing vs. 1,194 declining with 96 unchanged.

The Dow component that led the way higher today was Walt Disney (NYSE:DIS), which sported a 62-cent gain (+1.7%) bringing the stock to $36.61. Volume for The Walt Disney ended the day at 10.1 million shares traded vs. an average daily trading volume of 13.1 million shares.

The Walt Disney has a market cap of $64.4 billion and is part of the services sector and media industry. Shares are down 4.1% year to date as of Thursday’s close. The stock’s dividend yield sits at 1.1%.

Facebook buys Austin-based Gowalla

Launched in 2009, Austin-based Gowalla went head-to-head with direct rival Foursquare — and lost. Badly trailing Foursquare in user adoption, Gowalla recently shifted directions, recasting itself as a travel guide. The site had raised around $10 million over the years from backers including the Founders Fund, Greylock Partners and a collection of angel investors. read more at http://money.cnn.com/2011/12/02/technology/gowalla_facebook/index.htm?source=cnn_bin

Here are some of my stock picks

SIRI=sirius has the potential of going big. I usually check with about five different sites before I decide like “seeking alpha” “Barrons” and Reuters.   So I stocked up on Sirius because it is under 2.00 I think. It’s my radio stock.  But I went with Al Gore and his Centinel back when and then the dude got sued for 75 M I think and of course the stock went to zero.

No matter because Al Gore is now super rich because he invested and is on the board with some of the richest Jewish and non Jewish geeks in the tech biz i.e., Facebook, Google and Apple.  However his own company which was some kind of radio plus there was the TV station but the stock was for the radio station .

Something about Fridays: that is actually a good day to buy stocks because the prices drop on that day as sellers are getting money for the weekend or something.  I am not taking my own advice on this as I should but this Friday the gains on the Dow and Nasdaq did hold so that’s a good sign.

I could have gotten all the stocks I have now if I had bought when the Dow did that big drop a short while back.  Here’s one way the 99% can strike back–with stocks!

GE = General Electric

Disney= DIS

Dreamworks

BAC – Bank of America

F = Ford

AMZ= Amazon

AUQ= a gold mining company out of Mexico that sounds promising

a new stock relatively SIRI see above note

Yahoo

Cisco

Oracle

I got burned on the Microsoft and Yahoo last time.  I did not buy Micro because it seems stuck in the 20-dollar range forever lately.  I lost on Micro last time.  Lost on Yahoo but got a few stocks cheaper.  BAC was just too cheap to resist.  I think I paid like 5.02 per share at the last batch but more like six something on the first go round.  But obviously the short or long sellers took their cut but the BAC is back on the rise.

U.S. stocks closed near flat Friday as investors considered a drop in America’s jobless rate and the ongoing European debt crisis. Friday’s mixed trade came after this week’s bullish winning streak. The Dow had its biggest weekly point jump in three years.

After a sharp jump, stocks came off their highs as investors assessed the jobs report. This morning, the Labor Department said the U.S. gained 120,000 jobs in November and the unemployment rate fell to 8.6% from 9.0%. The government also revised jobs data for October and September to show that 72,000 additional jobs were created over the two months. Private-sector hiring in November reached 140,000, the agency calculated. http://seekingalpha.com/article/311578-dow-posts-biggest-weekly-gain-in-3-years

ZYNGA IPO values company up to 9 billion dollars

Wow, how prescient.  Today Zynga did file for its own IPO seeking to raise 1billion but the company is valued at 9 billion as said in the title.

The social games maker, known for Facebook games like “FarmVille” and “Mafia Wars,” plans to sell 100 million new shares between $8.50 and $10 each, which will raise $925 million based on the midpoint of the range, according to a regulatory filing on Friday.

The deal values Zynga at as much as $9.04 billion, about a third less than the $14.05 billion valuation that the company cited in a filing two weeks ago.

one more thing:

Zynga aims to set its IPO price on December 15 and the stock is scheduled to trade on Dec 16.

Based on a fully diluted share count of 904 million, which includes existing shares and stock options, the IPO price values Zynga at $7.7 billion to $9.04 billion.

http://finance.yahoo.com/news/zynga-plans-1-billion-ipo-023943977.html

I have this IPO on my watch list.  It’s in the works.  Angie’s list and Groupon stock actually fell below the IPO price which is not good news for them.  I did not buy either one.  Everything in my portfolio showed a profit the day the market nearly reached 500 a couple of days ago. 

http://www.reuters.com/article/2011/12/02/us-zynga-ipo-idUSTRE7B106920111202

The leading social games maker plans to sell 100 million new shares at between $8.50 and $10 each, according to a U.S. regulatory filing on Friday.

At the midpoint price, the IPO could raise $925 million, which would make it the largest from a U.S. Internet company since Google Inc raised $1.7 billion in 2004.